Bitcoin 2025

Bitcoin, the first cryptocurrency, started in 2009. Since then, it has drawn a lot of focus. Fans of bitcoin see it as more than a currency. They think of it as a tech marvel that brought us decentralized money. It set the stage for the cryptocurrency market. However, not everyone saw it this way. Some thought it was just a way to get rich quick. A few did become bitcoin millionaires. But many ended up losing a lot of money. They tried to guess where the price would go.¹

• Bitcoin’s price prediction for 2025 indicates a minimum price of $121,440.85, an average price of $124,947.50, and a maximum price of $145,871.41.¹
• By June 2, 2024, the Bitcoin forecast suggests a 12.33% increase, reaching a value of $76,478.¹
• Bitcoin’s technical indicators show a Neutral Bullish 55% market sentiment.¹
• Bitcoin had 14 out of 30 (47%) green days in the last 30 days.¹
• Bitcoin’s price prediction for June 2024 is $68,922, with incremental forecasts for the upcoming months through 2040. It’s expected to reach between $3,255,046.46 and $3,906,056.36.¹

Bitcoin started in 2009 by someone named Satoshi Nakamoto.² It’s a digital currency that works without a government or bank in the picture.² All its dealings go into a shared online list. This list is called a blockchain.²

Bitcoin’s cool because there will only ever be 21 million Bitcoins. This makes it different from regular money.² People called miners keep Bitcoin running smoothly. They add to the blockchain by solving puzzles and get Bitcoin as a thank you.²

With Bitcoin, you don’t need a big organization to be in control.² It’s all about many computers around the world working together. Every Bitcoin exchange is checked by this big network. This way, it’s safe and private.²

Using Bitcoin is fun. You can pay for things at many places, from restaurants to shops.³ You can even use it for buying trips and playing games online.³ Yet, getting new Bitcoin needs lots of power and money. So, it gets harder with time.³

Many have tried to guess where Bitcoin’s price will go, with some making wild predictions. For instance, Cathie Wood, from Ark Invest, thinks it could hit $1.48 million by 2030.⁴ From its humble beginnings, where it was worth less than a penny, the oldest cryptocurrency has really shown its growth.⁴

Since 2009, Bitcoin’s price has seen extreme ups and downs. It started from nothing, then soared to $29.60 in 2011 before falling to $5.⁴ By 2013, it broke $1,000 in November but ended the year at $732.⁴ The price exceeded $900 by 2016’s end, jumping to $19,188 in December 2017.⁴ By the end of 2020, one Bitcoin was worth $28,993, up 416% from the beginning of that year.⁴ In 2021, it reached over $60,000 in April and hit a record high of $69,000 in November.⁴ Yet, in 2022, the price fell back, dipping under $20,000.⁴ By the end of 2023, it steadily rose to $42,258.⁴

Cathie Wood’s prediction still stands out: $1.48 million for one Bitcoin by 2030.⁴ This bold forecast points to the chance for Bitcoin’s value to grow hugely over the coming decade thanks to greater use and attention from big investors.

In March 2024, Bitcoin briefly hit a new trading high, crossing $69,000 and even reaching $73,000. By breaking its previous record, it shows people are still very excited about Bitcoin’s future.⁴

The world of cryptocurrencies keeps changing. In 2025, many things will affect Bitcoin’s price. Some big things include the SEC approving new spot Bitcoin ETFs and the Bitcoin halving event. These could make Bitcoin worth more in the future.

On January 10, 2024, the SEC gave the green light to 11 new spot Bitcoin ETFs. Big names like BlackRock, WisdomTree, and ARK had their applications approved. These spot Bitcoin ETFs sell Bitcoin at its current price. This was a big deal because before, the U.S. only allowed Bitcoin ETFs that dealt with futures. The okay for these spot ETFs is seen as something that can push up Bitcoin’s price in 2024.⁵ It’s because these ETFs will need to buy real Bitcoins, raising their price. It also makes people see cryptocurrencies as more legit.⁵

Bitcoin has a special event every four years called the halving. This event cuts in half the reward for mining new Bitcoin. The latest halving happened on April 19, 2024. The reward for each newly mined Bitcoin dropped from 6.25 BTC to 3.125 BTC.⁵ Many traders believe this halving is a major price influencer for Bitcoin.⁵

Jerome Powell, head of the U.S. Federal Reserve, recently hinted that the bank might stop raising rates. This news could be a reason for Bitcoin’s value to go up in 2024.⁵ Yet, after three 2024 meetings, the Fed hasn’t decided to cut the federal funds rate. According to CME Group’s FedWatch tool on May 9, 2024, there’s a 97% chance they won’t cut rates again at their June 11-12 meeting.⁵ However, CME Group predicts an 87% chance of a rate cut in September and is sure there will be at least one cut by the year’s end.⁵

More people are using Bitcoin’s network for various transactions. This is good news for its future.⁵ Thanks to new updates, like ordinals and BRC-20 tokens, we might see Bitcoin used more for daily payments.⁵

Sciberras believes that if Bitcoin keeps getting used for payments, its value will rise.⁵ The Lightning Network, which makes payments faster, has become more popular. Its use has grown by 1,212% in the last two years.⁵ Also, more and more people are starting to use it because it’s getting easier to access.⁵

Jerome Powell, the head of the U.S. Federal Reserve, suggests they won’t raise rates much more. This could help Bitcoin in 2024.⁵ Yet, the Fed hasn’t decided to lower rates after three meetings this year.⁵ By May 9, the CME Group predicted a high chance of rate cuts by the fall.⁵

The bright outlook for Bitcoin in 2025 faces some challenges. Sciberras notes worries about Bitcoin’s long-term security. This concern arises because the block reward will keep getting smaller. Without enough people using and wanting Bitcoin, or if fees aren’t high enough to encourage miners to stay, the network’s security might fall. This could put the whole system at risk.⁶

Environmental issues are also a thorn in Bitcoin’s side. The White House is thinking about slapping a big tax on Bitcoin miners in the U.S., up to 30%. This tax talk is because of Bitcoin’s hefty energy use. If Europe or other big places join in, trying to stop how Bitcoin works, it could spell big trouble. Europe already tried in 2022 but backed off quickly. We might see this try again.⁶

Sciberras warns about a tougher stand on Bitcoin in the U.S.. He’s concerned about a bill that could make things really hard for the crypto business there. This bill aims to make crypto transactions more closely watched, especially those without someone overseeing them. Sciberras thinks this bill, if passed as is, would badly hurt the crypto industry in the U.S..⁶

Our latest forecast predicts Bitcoin will rise by 12.33% to hit $76,478 by June 02, 2024.¹ Experts see a Neutral Bullish 55% sentiment on Bitcoin. The Fear & Greed Index sits at a greedy 73 score. In the past month, Bitcoin saw a 47% increase on 14 out of 30 days. Its price changed by 5.36%.¹

In March 2024, Bitcoin hit $68,497 with a $1.35 trillion market cap.⁷ But, it fell 5.15% to $65,000 in the fourth week.⁷ The U.S. approving Spot Bitcoin ETFs has drawn in more people.⁷ Also, the 2024 halving event is expected to boost Bitcoin’s value by squeezing its supply.⁷

Although it’s been shaky, Bitcoin soared 206.68% to $70,083 in March 2024.⁷ Some believe it might even hit $1,000,000 by 2025.⁷ But, obstacles like regulations could still control its price.⁷ Bitcoin’s strength and its way of overcoming challenges will decide where it goes in 2025.⁷

Bitcoin has led the way for cryptocurrencies. Yet, it struggles with how many transactions it can handle and how fast it can process them. Bitcoin can only manage 3.3 to 7 transactions per second. This is not a lot when you compare it to systems we use for digital payments every day.⁸ The Lightning Network and layer-2 technologies aim to fix these issues.

“Bitcoin’s current journey with payments could turn it into something more like actual money,” says Sciberras. “There’s hope with the Lightning Network, which has seen a 1,212% growth in payments over two years. It’s also been beating challenges in spreading its use with more support.”⁸

Alongside the Lightning Network, other layer-2 solutions are in the works for making Bitcoin faster and more scalable. These solutions include sidechains for processing transactions in parallel and bringing smart contracts to Bitcoin. Growing use of layer-2 tools offers a chance for Bitcoin to be more useful and perform better in the market.⁸

But, Bitcoin still struggles with how many transactions it can handle. Its current limit is 3 to 7 per second. Yet, layer-2 solutions offer hope for increasing this limit. This could make Bitcoin better for day-to-day payments.

Bitcoin uses a lot of energy to validate transactions through its proof of work system. This method has come under heavy criticism for its impact on the environment.⁹ On a positive note, over 50% of the energy used for mining Bitcoin now comes from renewable sources. This shift happened by September 14, according to Bloomberg’s Jamie Coutts.⁹ Additionally, countries like El Salvador, Bhutan, Oman, and the United Arab Emirates care about using clean energy for Bitcoin mining.⁹

The way Bitcoin verifies transactions, called the proof of work, uses a lot of energy. Because of this, people are looking for alternative methods that are more energy-efficient.⁹ When it comes to making Bitcoin greener, experts are looking at different types of algorithms. These include Proof of Stake and Proof of Authority. The goal is to make Bitcoin’s process of verifying transactions use less energy.⁹

Although Bitcoin’s energy consumption is a big concern, steps are being taken to fix it.⁹ Some mining sites already use energy from sources like water, the sun, and the wind.⁹ Over time, the use of renewable energy in mining could help reduce Bitcoin’s impact on the environment.⁹

It’s crucial to find a balance between the advantages of digital currencies and their effect on the planet.⁹ Many in the digital money world are working towards using clean energy. They’re also looking at how transactions can be verified more efficiently. Plus, they’re trying to attract investors who care about environmental, social, and corporate governance (ESG) issues. This is to make Bitcoin more environmentally friendly.⁹ The ongoing conversation about Bitcoin’s energy use shows how tricky it is to unite innovation, financial access, and being green.⁹

The rules for Bitcoin and other cryptocurrencies are constantly changing. This can be tough for businesses to keep up with. Each state or the federal government could have its own view on what a “virtual currency” is. This affects how companies need to follow the rules.

Starting in 2023, the IRS will need more information on any crypto or digital money deals. This means they’ll be checking more closely that taxes are being paid correctly.¹⁰

Keeping consumers and investors safe is a top priority for regulators. They are looking out for fraud, hacking, keeping data safe, fair markets, and stopping bad people from using the financial system.¹⁰ Groups like the SEC and CFTC are being more careful in watching these markets, too.¹⁰ The DOJ has even set up a special team just for dealing with crypto crime. This shows the serious effort to keep the digital money world clean from illegal activities.¹⁰

Dealing with rules about money transfers to private digital wallets is a major challenge, says Sciberras. He worries that strict AML laws could make it very hard for the industry to operate. These rules are a big concern for businesses.¹⁰

KYCs are tough for Bitcoin and other cryptocurrencies. They slow down growth and go against the idea of privacy and decentralization.¹⁰ Sciberras points out the difficulty in reporting transfers to private wallets. He thinks that following these rules could be a major problem for the industry.¹⁰

Decentralized finance (DeFi) is changing how we use Bitcoin and other digital money. It uses blockchain to make new ways to lend, borrow, and trade without a central authority.¹¹ This move can make Bitcoin more valuable and needed as people use it in these new financial setups.

DeFi is making it possible for us to lend, borrow, and trade using Bitcoin. It’s growing quickly and getting more popular.¹¹ This popularity can make Bitcoin even more important as it powers these DeFi apps.

Governments are also making central bank digital currencies (CBDCs). These are online versions of regular money, controlled by the government.¹² The arrival of CBDCs might make using Bitcoin more challenging. But, it might also help more people learn about and accept digital money.

Bitcoin stands out because it’s not controlled by one entity, it’s secure, and it’s resilient.¹¹ As more people use it, its value might become more stable. But, the rules for Bitcoin are different in each place, so adoption can be hard.¹¹

In some areas, like emerging markets, people see Bitcoin as a way to join the financial world and stay stable.¹² It’s good for sending money across borders cheaply. And it’s seen as a way for freedom in places where regular banks are out of reach.¹²

Bitcoin’s future as a digital asset will be shaped by DeFi and CBDCs, along with careful policies.¹¹¹² Making good choices about how Bitcoin fits in the financial system will be key to avoid problems and get the most out of it.¹²

Investing in Bitcoin is not for the faint of heart. The price can swing wildly, going up and down.¹³ It’s key to handle this risk with smart tactics like spreading out your investments and only buying a small portion.

Many investors still see Bitcoin as a valuable asset in the long run. They like that there is only a finite amount available and its potential to rise in value.¹³ If more big investors and regular people start using it, Bitcoin might become even more valuable.

There’s another way to invest in Bitcoin besides the direct approach. Try adding other cryptocurrencies to your investment list.¹⁴ This mix approach helps spread the risk and capture growth across the whole crypto world. But, doing your homework on each investment is vital for success.

Bitcoin has grown a lot since starting in 2009. It began at less than a penny but now is worth over $69,000. This increase is thanks to more companies using it, a major event that cuts its reward in half, and good economic trends.¹⁵¹⁶

But, Bitcoin faces some tough times too. Its price moves a lot, much more than regular money, which worries some people. The talk about its effect on the environment and changing rules also make people cautious.¹⁶

Looking ahead, keeping a close eye on Bitcoin is key. Its use could grow a lot, and new technology might make it even better. But, there are also worries about if it can handle its problems.¹⁶¹⁵ The future success of Bitcoin is all about how well it can change to meet new needs and keep its value for users.

1. https://changelly.com/blog/bitcoin-price-prediction/
2. https://www.linkedin.com/pulse/understanding-bitcoin-beginners-guide-cryptocurrency-thomas-r-alber-1pk5c?trk=public_post_main-feed-card_feed-article-content
3. https://academicworks.cuny.edu/cgi/viewcontent.cgi?article=2234&context=bb_pubs
4. https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp
5. https://www.forbes.com/advisor/investing/cryptocurrency/bitcoin-price-prediction-2024/
6. https://99bitcoins.com/cryptocurrency/bitcoin-price-prediction/
7. https://billingsgazette.com/life-entertainment/a-look-into-the-future-bitcoin-price-prediction-for-2025/article_4e0c7a8a-e7cb-5984-8968-2c7823a2c4c7.html
8. https://en.wikipedia.org/wiki/Bitcoin_scalability_problem
9. https://www.financemagnates.com/cryptocurrency/bitcoins-energy-consumption-debate-unpacking-the-latest-developments/
10. https://kpmg.com/us/en/articles/2022/ten-key-regulatory-challenges-2022-crypto-digital-assets.html
11. https://www.linkedin.com/pulse/bitcoins-role-changing-financial-landscape-flavio-moretto
12. https://www.forbes.com/sites/digital-assets/2023/12/24/bitcoins-rise-as-financial-game-changer-in-emerging-markets/
13. https://www.cnb.com/personal-banking/insights/bitcoin-risks-opportunity.html
14. https://www.fidelity.com/learning-center/trading-investing/crypto/risks-and-benefits-of-crypto
15. https://www.sciencedirect.com/topics/economics-econometrics-and-finance/bitcoin
16. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7783506/